Bitcoin and the U.S. Fiscal Reckoning with Avik Roy (WiM126)
The "What is Money?" Show
00:00
The Politics of Censorship
i think that nicely captured kind of the self defeating nature of ah, bands. And i ges i guess you could apply this too to censorship, which is interesting. I well said. So i'll try a le read another excerpt here. As bit coin's liquidity increases and the united states becomes less creditworthy, financial institutions and foreign governments alike may replace an increasing portion of their treasury bond holdings with bit coin or other forms of sound money. Just as nixon's 19 71 closure of the gold window led to a rapid flight from the dollar, imposing restrictions on the exchange of bit coin for dollars would confirm to the world that the united states no longer believes in the competitiveness of its currency
Transcript
Play full episode
